What is it?

This index displays the total number of accepted loads, delivered by carriers, expressed on a ‘per truck’, ‘per week’ basis. Carriers reporting data for this index, provide a truck count whether seated or unseated. If the truck is plated by the carrier, it is counted. As such, those with a high % of unseated tractors will be penalized in the form of a lower relative result. The carriers reporting the data for this index are participants in Truckload Carriers Association’s TPP program.

Formula: ((Load Count) / (Truck Count)) / (Number of Weeks in Month)

Who is interested?

Anyone that has an interest in freight movement patterns. i.e. Shippers, freight brokers, fleet managers, executives in a transportation company, owner operators.

What does it tell me?

This index provides a measure of performance and health for the truckload segment. Higher results, relative to historical values indicates a strong market. Conversely, lower measures indicate weaker economic activity. This index is widely used by carriers as a key performance indicator. In robust freight markets, there is a tendency for carriers to reduce the geographic footprint of their freight network, thereby lowering the average length of haul, and increasing the number of loads per truck per week.

Was this article helpful?
0 out of 0 found this helpful

Comments

0 comments

Please sign in to leave a comment.